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Be specific on where numbers should be! Required Informatlon The following Information applies to the questions displayed below. Warnerwoods Company uses a perpetual Inventory system.
Be specific on where numbers should be!
Required Informatlon The following Information applies to the questions displayed below. Warnerwoods Company uses a perpetual Inventory system. It entered Into the following purchases and sales transactions for March. Activities nits sold at Retail Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 15e units@ $52.00 per unit 25e units@ $57.00 per unit 310 unitse$87.00 per unit 11e units $62.00 per unit 28e units@ $64.00 per unit 18e units@ $97.ee per unit 490 units Totals 71e units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (c)weighted average, and (d) specific identification. For specific Identification, the March 9 sale consisted of 90 units from beginning Inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchaseStep by Step Solution
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